All things STOCKS

#20,604
#20,604
Sandman Vol said:
If you had to pick one company/stock to make you a millionaire in the next 5-10 years, what would it be?
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Really need a starting point. $10,000 would have to double 6 or 7 times. To reach $1M it then it would have to double almost every year to get there in 5-10 years.

Then risk/reward has to be considered. It would have to be high risk to grow quickly which means it’s more likely to go to zero.

Time is probably the most important element. Compound growth. That ‘s why it is extremely important to begin investing as much as possible early in a career. It’s a difficult mindset. It’s fun to have cool cars or boats or going to fancy bars. Putting money away in a Roth IRA is boring, but necessary.

But high risk/reward investments could be Bitcoin/crypto, Palantir, or ONDS/AVAV/KTOS could meet the criteria. A better idea is to increase positions in companies like AMZN, GOOGL, COST, WMT, BRK, etc every year.
 
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#20,606
#20,606
Microsoft finally....chinga chinga!! Praise the Lord
OGC.5987eb0ef1dc3b3ba0492a82808d8177
 
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#20,610
#20,610
Vol423 said:
Bitcoin is heading for the hard deck again.
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It's acted awful and been a huge underperformer ever since last summer. On this most recent leg lower it found sellers right where you'd expect it to...the declining 200 DMA.

Not only does sentiment seem down in the dumps about it, but it also has just been irrelevant as a topic of conversation for a while. I'm not saying run out there and buy it today, but that isn't bearish long term. The bitcoin bros gave up on talking about it as a medium of exchange a long time ago, but now many of them are questioning whether it is digital gold after all or not. I don't think it ever was, but that fact that lots of true believers appear to have given up on it is worth noting.
 
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#20,611
#20,611
Thunder Good-Oil said:
Really need a starting point. $10,000 would have to double 6 or 7 times. To reach $1M it then it would have to double almost every year to get there in 5-10 years.

Then risk/reward has to be considered. It would have to be high risk to grow quickly which means it’s more likely to go to zero.

Time is probably the most important element. Compound growth. That ‘s why it is extremely important to begin investing as much as possible early in a career. It’s a difficult mindset. It’s fun to have cool cars or boats or going to fancy bars. Putting money away in a Roth IRA is boring, but necessary.

But high risk/reward investments could be Bitcoin/crypto, Palantir, or ONDS/AVAV/KTOS could meet the criteria. A better idea is to increase positions in companies like AMZN, GOOGL, COST, WMT, BRK, etc every year.
Click to expand...
How about 10-15 years if that’s a concept you can get behind with more conviction.












Spoiler alert: I’m actually a financial advisor. But our portfolios and investment strategy are designed to predictably achieve wealth over time and protect its ability to be lasting, in as efficient a risk/return profile and taxability as possible, as opposed to always trying to hit the homerun. Not sexy, but it works, and our clients are aligned in the approach, which makes the strategy all the more powerful. Being able to stick to a strategy is just as important as the actual strategy itself. Nonetheless, I still find it entertaining to hear about people’s favorite stocks and big bets.
 
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#20,613
#20,613
Sandman Vol said:
How about 10-15 years if that’s a concept you can get behind with more conviction.












Spoiler alert: I’m actually a financial advisor. But our portfolios and investment strategy are designed to predictably achieve wealth over time and protect its ability to be lasting, in as efficient a risk/return profile and taxability as possible, as opposed to always trying to hit the homerun. Not sexy, but it works, and our clients are aligned in the approach, which makes the strategy all the more powerful. Being able to stick to a strategy is just as important as the actual strategy itself. Nonetheless, I still find it entertaining to hear about people’s favorite stocks and big bets.
Click to expand...
Around 35+ years ago, my parents gave me a copy of this book. That move triggered a trip to the library where I read 4-5 more similar books including The Art of the Deal by Donal Trump. Once "educated", I just chipped away at it for all those years. That approach will work.

What is the name of your company?

Basically, any of the big firms will offer 500 Index and an aggressive growth mutual fund. For me, Vanguard is the low-cost leader. Always contribute enough to get the full company match for a 401k. Boom boom...the ride goes by fast.
 
#20,614
#20,614
Do you all sell at a loss or try to hold? About 12% of my account is with TSCO, which performed great post pandemic but TY it has tanked. I sold the majority of their stock an awhile ago at profit but kept a small amount that I had purchased towards end of their climb thinking to hold long term. Their stock dropped like 40% in a month and I honestly just didn’t expect it to fall so much. I now am sitting at a 26% loss. This is just a side account, as I am new to this. I really have just been buying, very rarely sell to restructure. So it is very small from total portfolio, and I figured I could get back to even by selling and just reinvesting. Not sure I have confidence in them long term. Sure it might climb back, but I figured I could get those $s back to positive quicker moving them
 
#20,615
#20,615
bigeasy said:
Do you all sell at a loss or try to hold? About 12% of my account is with TSCO, which performed great post pandemic but TY it has tanked. I sold the majority of their stock an awhile ago at profit but kept a small amount that I had purchased towards end of their climb thinking to hold long term. Their stock dropped like 40% in a month and I honestly just didn’t expect it to fall so much. I now am sitting at a 26% loss. This is just a side account, as I am new to this. I really have just been buying, very rarely sell to restructure. So it is very small from total portfolio, and I figured I could get back to even by selling and just reinvesting. Not sure I have confidence in them long term. Sure it might climb back, but I figured I could get those $s back to positive quicker moving them
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I'm not a fan of Tractor Supply. Might go there twice a year. For me, I would dump it this week.

Taking that big of loss stinks but it has to be done sometimes.

My rule..if I start losing sleep worrying about it, I sell.
 
#20,616
#20,616
bigeasy said:
Do you all sell at a loss or try to hold? About 12% of my account is with TSCO, which performed great post pandemic but TY it has tanked. I sold the majority of their stock an awhile ago at profit but kept a small amount that I had purchased towards end of their climb thinking to hold long term. Their stock dropped like 40% in a month and I honestly just didn’t expect it to fall so much. I now am sitting at a 26% loss. This is just a side account, as I am new to this. I really have just been buying, very rarely sell to restructure. So it is very small from total portfolio, and I figured I could get back to even by selling and just reinvesting. Not sure I have confidence in them long term. Sure it might climb back, but I figured I could get those $s back to positive quicker moving them
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I try to not give my purchase price any weight in whether or not to hold a stock instead focusing on where I view the future of the stock. It’s human nature to resist taking a loss. It’s also human nature to hold onto a stock that had a big run up while holding it for 10 plus years since it’s a long term winner but it might also have negative opportunity costs for the future. There’s so many fast moving stocks right now due to AI euphoria that it’s tough to hang on to stagnant retail stocks IMO.
 
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#20,617
#20,617
Jax_Vol said:
I'm not a fan of Tractor Supply. Might go there twice a year. For me, I would dump it this week.

Taking that big of loss stinks but it has to be done sometimes.

My rule..if I start losing sleep worrying about it, I sell.
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Just view it as tax loss harvesting and move on….lots of fast moving stuff in the AI space right now?
 
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#20,618
#20,618
Sandman Vol said:
How about 10-15 years if that’s a concept you can get behind with more conviction.

Spoiler alert: I’m actually a financial advisor. But our portfolios and investment strategy are designed to predictably achieve wealth over time and protect its ability to be lasting, in as efficient a risk/return profile and taxability as possible, as opposed to always trying to hit the homerun. Not sexy, but it works, and our clients are aligned in the approach, which makes the strategy all the more powerful. Being able to stick to a strategy is just as important as the actual strategy itself. Nonetheless, I still find it entertaining to hear about people’s favorite stocks and big bets.
Click to expand...

AMZN
WMT
UBER
COST
Some healthcare (CVS, XLV ETF, DGX, maybe DVA)
Strong financial companies (the money center banks JPM, C, BOA, WFC plus GS, BLK, BX, MS, APO, etc)
BRK - need some insurance company exposure.

Healthcare and defense if the federal government doesn’t ramp up spending cuts. LMT. RTX.
 
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#20,619
#20,619
bigeasy said:
Do you all sell at a loss or try to hold? About 12% of my account is with TSCO, which performed great post pandemic but TY it has tanked. I sold the majority of their stock an awhile ago at profit but kept a small amount that I had purchased towards end of their climb thinking to hold long term. Their stock dropped like 40% in a month and I honestly just didn’t expect it to fall so much. I now am sitting at a 26% loss. This is just a side account, as I am new to this. I really have just been buying, very rarely sell to restructure. So it is very small from total portfolio, and I figured I could get back to even by selling and just reinvesting. Not sure I have confidence in them long term. Sure it might climb back, but I figured I could get those $s back to positive quicker moving them
Click to expand...

I’d wait. It’s been cut in half and is trading around the 52 week low. The p/e is reasonable although the forward p/e is little changed. It paycheck a 3% dividend and it’s well covered by profits. It also has a lot of institutional ownership. Just my $0.02.

If it’s in a taxable account there’s an incentive to book the loss that’s not there in a tax sheltered account.
 
#20,620
#20,620
walkenvol said:
Just view it as tax loss harvesting and move on….lots of fast moving stuff in the AI space right now?
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How long can AI drive this market though? It’s getting kind of frothy out there.

Good to see some strength in software.

At some point you’d think that some traditional industries would start moving again. Consumer staples. Basic stuff. Probably with a new age purchasing environment though instead of old school retail.
 
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#20,622
#20,622
Thunder Good-Oil said:
Futures are negative, but the NASDAQ is nearly flat. The DJIA is the worst (-0.40%) so there must be a component tanking in the after hours/pre market.
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The Dow is an incredibly dumb index not because it is only 30 companies (as is commonly said) but because it is price-weighted. Makes absolutely no logical sense.

GS and CAT combined are over one-fifth of the index purely because of their prices per share. If GS did a 5:1 split, it would become the 20th largest component. It's asinine and still hilarious to me how much the media quotes it.
 
#20,623
#20,623
05_never_again said:
The Dow is an incredibly dumb index not because it is only 30 companies (as is commonly said) but because it is price-weighted. Makes absolutely no logical sense.

GS and CAT combined are over one-fifth of the index purely because of their prices per share. If GS did a 5:1 split, it would become the 20th largest component. It's asinine and still hilarious to me how much the media quotes it.
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Yes, the calculation is wonky. But the components are a pretty solid list of diverse stocks.

It gets quoted because of it’s history as the oldest index. Twice as old as the S&P and nearly 4x older than the NDX. I don’t see it referenced by the media as much as the other 2.
 
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#20,624
#20,624
bigeasy said:
Do you all sell at a loss or try to hold? About 12% of my account is with TSCO, which performed great post pandemic but TY it has tanked. I sold the majority of their stock an awhile ago at profit but kept a small amount that I had purchased towards end of their climb thinking to hold long term. Their stock dropped like 40% in a month and I honestly just didn’t expect it to fall so much. I now am sitting at a 26% loss. This is just a side account, as I am new to this. I really have just been buying, very rarely sell to restructure. So it is very small from total portfolio, and I figured I could get back to even by selling and just reinvesting. Not sure I have confidence in them long term. Sure it might climb back, but I figured I could get those $s back to positive quicker moving them
Click to expand...

Still think there would be some pressure in short term with TSCO.

All the money in the market is chasing the small number of high performers and expect a chunk of change to chase SpaceX and Anthropic soon.

Long term, upper 20s isnt a bad entry level here...
 
#20,625
#20,625
BigOrangeMojo said:
Still think there would be some pressure in short term with TSCO.

All the money in the market is chasing the small number of high performers and expect a chunk of change to chase SpaceX and Anthropic soon.

Long term, upper 20s isnt a bad entry level here...
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My question is...why do all the Tractor Supply stores have that smell when you walk in? I am assuming that is intended?

Feels like I'm entering a farm that has just been sprayed with pesticide.
 
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